Who is Drake income tax?
• Drake Income Tax and Accounting: founded by Phil Drake’s father in 1954, Drake sold it to employees in 2004 for $1 on the 50th anniversary of the business’ founding. • Drake Software: Software for accountants and tax preparers. Headquartered in Franklin, with additional call centers in Sylva and Hayesville.
Who is Drake Software?
The software division of Drake serves over 47,000 tax offices throughout the United States. Besides software, Drake Enterprises operates 15 other community-focused businesses in Franklin, NC, where Drake Software’s corporate headquarters is located.
Is Drake tax software secure?
It is a secure web application to automate various tasks to organize data and enter it into the Drake Tax software. Is Drake Tax software cloud-based? You can Drake Tax desktop software and then host it on the cloud with the help of a cloud hosting provider.
Where is Drake Enterprises located?
Besides software, Drake Enterprises operates 15 other community-focused businesses in Franklin, NC, where Drake Software’s corporate headquarters is located. The Taxing Subjects staff is proud to cover the latest in tax-industry-related news, from tax law and IRS updates to technology and business strategies.
Who is Drake Software owned by?
Phil DrakeEstablished in 1977 by Phil Drake, Drake Software is a leading provider of professional tax preparation software. It provides the tools and resources that tax professionals need to build their businesses and attract new clients.
Who is Phil Drake?
Phil Drake (1952–1964) was a French Thoroughbred racehorse and sire. In a brief racing career which lasted from May to July 1955, Phil Drake ran five times and won three races, becoming the fifth and last horse to win both The Derby and the Grand Prix de Paris.
Is Drake software publicly traded?
Headquartered in scenic Franklin, North Carolina, Drake Software is one of the last privately held tax software companies in the industry.
How many customers does Drake Software have?
Drake Software has provided software to preparers since 1977 and has been part of electronic filing since its inception. Currently, Drake has customers in over 30,500 locations across the U.S. and, to date, has processed over eight million IRS–accepted returns for 2009.
Where is Drake Software located?
FranklinAbolut Drake Software The company provides the tools and resources that tax professionals need to build their businesses and attract new clients. Headquartered in Franklin, the company has grown to one of the top tax accounting software companies in the nation.
When was Drake Software founded?
1977Drake Software was founded in 1977, rapidly growing from a family tax practice into a national brand by providing tax professionals with reliable, affordable software solutions and prompt, friendly service and support.
What is PTP on Schedule E?
A publicly traded partnership (PTP) that has effectively connected taxable income must pay withholding tax on any distributions of that income made to its foreign partners.
How many employees does Drake Software have?
How many employees does Drake Software LLC have? Drake Software LLC has 501 to 1,000 employees. Where are Drake Software LLC headquarters? The headquarters for Drake Software LLC are in Franklin, NC.
When did Drake buy an IBM computer?
Drake said he just knew there had to be a better way of preparing people’s taxes. Drake bought an IBM computer for $22,385 in 1977 using borrowed money.
What is Phil Drake's business empire?
From bankruptcy to riches, Phil Drake builds a business empire. Phil Drake acknowledges that he has two kinds of enterprises. There are those launched or purchased for strategic business reasons; others he owns to ensure family members in Macon County have places to work. Drake has a lot of family, and he owns a lot of businesses: some 18 ...
How long did Drake teach high school math?
Drake taught high school math for three years in that state before deciding he couldn’t support a family on take-home pay of $425 a month. Drake returned to Franklin in 1976 and joined his father in the family tax business.
How long did it take Drake to pay back his dime?
He estimated that took about six years.
How many people work for Drake?
Buying into the Drake dream. More than 500 people work for Drake. Key employees, those he wants to keep in the company for life, are encouraged to buy stock in Drake Enterprises using money Drake loans them. These employees now own 10 percent of the company.
What was Drake's theme at the 2009 Tea Party?
He sounds familiar Tea Party themes, such as: “you cannot legislate the poor into prosperity; you cannot borrow your way out of debt;” “If you take the resources from successful companies and reward those that are failing, that’s a picture of our bailout, and that’s unacceptable.”
Did Drake program his computer?
Drake was confident he could program the new computer — which, in fact, he did. Drake developed an accounting program that he was soon selling to other accountants. He remembers boasting to his wife, “I’m going to be a millionaire by the time I’m 30.”. There was one problem with Drake’s plan, however.
What is Drake tax?
Drake Tax is loaded with features to help you quickly and efficiently prepare and process your customers’ returns. So you can stay focused on the important stuff — working with clients and building your business.
What is Drake Tax Planner?
Drake Tax Planner – Show clients how marital status, dependents, income, etc. can affect their taxes. Save multiple scenarios, and tweak reporting options as needed.
What is linkbacks in tax?
LinkBacks – Track calculated results on the tax return back to the source.
Does Drake Tax help you?
The speed you need – Drake Tax helps you do everything quicker, and speeds you through every step of preparing a return. Calculation results and full return view just a click away.
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2018 Review of Drake Documents
Drake Documents, part of Drake Tax is best suited for small to mid-sized accounting firms that use Dr... See more »
2018 Review of Drake Tax
Drake Tax from Drake Software is well-suited for small to mid-sized accounting firms that process bot... See more »
2017 Review of Drake Document Manager
Drake Documents is best suited for small to mid-sized accounting firms that are looking for an all-in... See more »
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New IRS Guidance Eases Burdens on Certain Safe Harbor Plans
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What is Drake Tax Software?
It is a tax practice management solution that can help tax professionals analyze tax years, estimate refunds, and prepare returns. It is best suited for tax professionals and companies to file returns simplified.
Drake Tax Software Pricing
The pricing of Drake Tax starts from $300 per year. Other package pricing details are given below:
Avail More Benefits with Drake Tax Software Hosting
Being a desktop product, Drake Tax software requires installation on a local computer system. Since you can only use local-hosted software on the same system, it often creates work-related limitations. As a solution, you can benefit from Drake Tax software hosting, using which you can host the software on a dedicated cloud server.
Drake Tax Software FAQs
Tax professionals favorably use Drake Tax software for tax preparation and filing. Because of its comprehensive feature list is often regarded as one of the best tax software available in the market.